The global market for high-temperature composite resin should grow from $782.1 million in 2021 to $940.7 million by 2028 with a compound annual growth rate (CAGR) of 3.8% for the period of 2022-2028.
This research examines the high-temperature composite resin industry’s technological, economic, and business factors, as well as providing assessments and projections for global markets. It also contains descriptions of the market forces that affect the high-temperature composite resin business, as well as their application areas.
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Global markets for a variety of high-temperature composite resin categories are shown, along with growth projections through 2026. Estimates of sales value are based on supply chain prices. The industry’s structure and market-driving drivers are investigated. For all worldwide locations and high-temperature composite resin types, international aspects are examined. There are profiles of significant worldwide manufacturers.
The influence of COVID-19 is also considered in this research. The pandemic will have an impact on every worldwide industry’s growth rate in 2020. The COVID-19 virus, which is presently spreading over the planet, has halted global economic growth. Various governments are taking the required measures to manage the economic slowdown in addition to implementing measures to lock down their individual countries to contain the spread of the coronavirus, particularly in afflicted cities.
• The Epoxy high-temperature composite resin market is expected to develop at a CAGR of 3.3 percent from $421.9 million in 2021 to $496.8 million in 2026.
• The PEEK high-temperature composite resin market is expected to develop at a CAGR of 5.1 percent from $190.6 million in 2021 to $244.7 million in 2026.
Top Influencing Factors
Due to rising geopolitical tensions in the Middle East and the South China Sea, the demand for sophisticated defence equipment such as hypersonic missiles, fighter aircraft, unmanned aerial vehicles, and communication and spy satellites is increasing. High-temperature composite resin is used in fighter jet engines, exterior bodies, nozzles, air defence systems, blades and propellers, leading edges on hypersonic missiles, and fire-resistant material for submarine propulsion compartments. As a result, as the sale of defence equipment rises, the need for high-temperature composite resin is expected to climb. Temperatures of up to 1600 degrees Fahrenheit can be tolerated by high-temperature composite resins.
Key Segments Covered
High Temperature Composite Resin Market, By Product
• Cyanate Ester
High Temperature Composite Resin Market, By Application
• Aerospace & Defense
• Electrical & Electronics
Hexcel Corp., Huntsman International LLC, Texas Research International, Inc., Hexion Inc., Sumitomo Bakelite Co., Ltd., DIC Corp., Lonza Group Ltd., Arkema Group, Nexam Chemical Holding AB, Saudi Basic Industries Corp., UBE Industries, Ltd.
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The Report’s Main Benefits
• This research gives an analytical depiction of the high-temperature composite resin sector, as well as current trends and future forecasts, in order to identify potential investment opportunities.
• The research includes a complete analysis of the High-temperature composite resin market share as well as information on key drivers, restraints, and opportunities.
• To highlight the high-temperature composite resin market growth scenario, the existing market is statistically examined from 2020 to 2030.
• Porter’s five forces analysis depicts the market’s potency of buyers and providers.
• The research includes a full market analysis of high-temperature composite resins based on competitive intensity and how the competition will evolve in the next years.
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